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1002 Apache Ln, Apex, NC 27502

3 beds • 3 baths • 1858 sqft

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This property looks like a bad Airbnb investment with a projected -15.21% first-year return on $131k initial cash invested.

-15.21%

Cash On Cash

2.45%

Cap Rate

0.42

DSCR

$2,843

Rent

-$1,665

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,843 income − $4,508 expenses = $1,665 out of pocket

Income$2,843Out of Pocket$1,665Mortgage P&I$2,65593%Property Taxes$29911%Insurance$1897%Management$42615%CapEx$1144%Maintenance$1144%Other$71125%

Investment Breakdown

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Purchase Price

$540k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$131k

Downpayment

20%

$108k

Closing costs

1%

$5,400

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$2,843

Total Expenses

$4,508

Mortgage P&I

93%

$2,655

Property Taxes

11%

$299

Home Insurance

7%

$189

HOA

0%

$0

Property Management

15%

$426

CapEx

4%

$114

Vacancy

0%

$0

Maintenance

4%

$114

Other

25%

$711

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